{"id":372287,"date":"2020-09-07T11:21:58","date_gmt":"2020-09-07T05:51:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372287"},"modified":"2020-09-07T12:05:55","modified_gmt":"2020-09-07T06:35:55","slug":"reliance-industries-gives-detailed-plan-to-carve-out-o2c-assets","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-gives-detailed-plan-to-carve-out-o2c-assets\/","title":{"rendered":"Reliance Industries gives detailed plan to carve out O2C assets"},"content":{"rendered":"<p>Reliance Industries NSE -0.63 % Ltd. released a detailed plan to carve out its oil-to-chemicals business Sunday, following through on a proposal announced in April and readying the unit for a potential stake sale.<\/p>\n<p>The so-called scheme of arrangement lays out the details of the proposed move to spin off its entire oil-to-chemicals assets into a separate unit, by transferring some of the conglomerate\u2019s key oil and petrochemicals assets including those in refining, fuel retail and aviation fuel, according to a filing on Sunday.<\/p>\n<p>The assets will be held by a unit of Reliance, and the ultimate ownership won\u2019t change as a result of the plan, a separate filing disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries NSE -0.63 % Ltd. released a detailed plan to carve out its oil-to-chemicals business Sunday, following through on a proposal announced in April and readying the unit for a potential stake sale. The so-called scheme of arrangement lays out the details of the proposed move to spin off its entire oil-to-chemicals assets into a separate unit, by transferring some of the conglomerate\u2019s key oil and petrochemicals assets including those in refining, fuel retail and aviation fuel, according to a filing on Sunday. The assets will be held by a unit of Reliance, and the ultimate ownership won\u2019t change [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-372287","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=372287"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372287\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}